The acquisition has been completed on 23 June and will see a merger of the two companies. The new entity will primarily target institutional and high-net-worth individual clients.

Alpi Fondi SGR, which was launched in 1997, runs a range of Italy-domiciled absolute return funds including alternative investment fund Alpi Hedge and two other vehicles Alpi Multi-Strategy and Soluzione Alpi Prudente.

Absolute return is a space in which Fiduciaria Orefici Sim has strengthened its fund offering in recent years. Since 2016, it operates as delegated management company of the Luxembourg-domiciled Sicav Alicanto.

Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.